Here are the latest real estate market statistics* for Palo Alto, CA. These numbers represent single family (SFR) homes and condos. The percentage of homes on the market, where the asking price has been reduced: 18.9%**
Average | June 2006 | July 2006 | % Change |
---|---|---|---|
Asking Price | $1,330,771 | $1,458,562 | 9.6% |
Sales Price | $1,351,626 | $1,489,356 | 10.2% |
% of Asking Price | 102% | 102% | 0.0% |
Days on Market | 49 | 46 | -6.1% |
$/SQFT | $760 | $759 | -0.1% |
Total Transactions | 83 | 58 | -30.1% |
* As of 8/15/2006: All numbers are from the MLS and are deemed reliable but not guaranteed. ** Market numbers as of 8/6/2006: 106 properties on the market with 20 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.
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